Aya Gold & Silver (TSE:AYA) Sets New 52-Week High – Here’s Why

Aya Gold & Silver Inc. (TSE:AYA)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$30.16 and last traded at C$30.04, with a volume of 478391 shares. The stock had previously closed at C$29.53.

Analyst Upgrades and Downgrades

AYA has been the subject of several research reports. Scotiabank raised shares of Aya Gold & Silver to a “strong-buy” rating in a research report on Thursday, April 23rd. National Bank Financial cut their price objective on shares of Aya Gold & Silver from C$29.00 to C$25.00 and set an “outperform” rating on the stock in a report on Wednesday, February 25th. Finally, Desjardins set a C$37.00 target price on Aya Gold & Silver and gave the stock a “buy” rating in a report on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$27.88.

Aya Gold & Silver Price Performance

The company has a market cap of C$4.03 billion, a PE ratio of 46.87 and a beta of 2.93. The company has a debt-to-equity ratio of 21.87, a current ratio of 2.22 and a quick ratio of 3.28. The stock’s 50-day moving average is C$25.40 and its 200 day moving average is C$23.28.

Aya Gold & Silver (TSE:AYA) last released its quarterly earnings results on Thursday, May 14th. The company reported C$0.46 earnings per share (EPS) for the quarter. Aya Gold & Silver had a net margin of 30.38% and a return on equity of 20.80%. The business had revenue of C$163.04 million for the quarter. On average, equities analysts anticipate that Aya Gold & Silver Inc. will post 0.6384455 earnings per share for the current fiscal year.

About Aya Gold & Silver

Aya Gold & Silver Inc is engaged in acquisition, exploration, evaluation, and development of mining properties. The company and its subsidiaries are at the development stage for its Zgounder project and exploration and evaluation stage for projects in Morocco. Its other project includes Boumadine; Amizmiz; Azegour and others.